Hanseatic Management Services Inc. Buys Shares of 14,726 Kodiak Gas Services, Inc. $KGS

Hanseatic Management Services Inc. purchased a new position in Kodiak Gas Services, Inc. (NYSE:KGS) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,726 shares of the company’s stock, valued at approximately $859,000.

A number of other hedge funds also recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its stake in Kodiak Gas Services by 29.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 901,406 shares of the company’s stock valued at $33,713,000 after buying an additional 203,809 shares in the last quarter. Westend Capital Management LLC acquired a new position in shares of Kodiak Gas Services in the fourth quarter valued at approximately $13,585,000. Maven Securities LTD increased its position in shares of Kodiak Gas Services by 694.0% during the fourth quarter. Maven Securities LTD now owns 100,000 shares of the company’s stock worth $3,740,000 after acquiring an additional 87,406 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Kodiak Gas Services by 40.5% during the fourth quarter. HighTower Advisors LLC now owns 57,699 shares of the company’s stock worth $2,158,000 after acquiring an additional 16,619 shares in the last quarter. Finally, Argentarii LLC raised its holdings in shares of Kodiak Gas Services by 293.7% during the fourth quarter. Argentarii LLC now owns 23,620 shares of the company’s stock worth $883,000 after acquiring an additional 17,620 shares during the period. Institutional investors and hedge funds own 24.95% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Stifel Nicolaus boosted their price objective on shares of Kodiak Gas Services from $84.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Wells Fargo & Company started coverage on Kodiak Gas Services in a report on Wednesday, May 27th. They set an “overweight” rating and a $93.00 target price for the company. Royal Bank Of Canada lifted their price target on Kodiak Gas Services from $64.00 to $84.00 and gave the company an “outperform” rating in a research note on Monday, May 18th. Citigroup boosted their price target on Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Finally, Jefferies Financial Group assumed coverage on Kodiak Gas Services in a research report on Thursday, June 4th. They set a “buy” rating and a $79.00 price objective for the company. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.50.

Kodiak Gas Services Trading Down 1.1%

Kodiak Gas Services stock opened at $65.23 on Friday. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 88.15, a P/E/G ratio of 1.02 and a beta of 0.89. The firm has a 50-day moving average of $70.09 and a 200-day moving average of $58.45. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.28 and a quick ratio of 0.99. Kodiak Gas Services, Inc. has a one year low of $30.06 and a one year high of $77.68.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.05. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The business had revenue of $345.76 million for the quarter, compared to analyst estimates of $340.23 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. Kodiak Gas Services’s revenue was up 4.9% on a year-over-year basis. On average, equities analysts expect that Kodiak Gas Services, Inc. will post 2.27 earnings per share for the current fiscal year.

Kodiak Gas Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were paid a dividend of $0.49 per share. The ex-dividend date was Monday, May 18th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.0%. Kodiak Gas Services’s dividend payout ratio is currently 264.86%.

Insider Buying and Selling

In other news, COO William Chad Lenamon sold 1,000 shares of the business’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $67.79, for a total transaction of $67,790.00. Following the transaction, the chief operating officer directly owned 87,294 shares in the company, valued at $5,917,660.26. The trade was a 1.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Cory Anne Roclawski sold 4,169 shares of the company’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $68.36, for a total transaction of $284,992.84. Following the completion of the sale, the executive vice president directly owned 24,662 shares in the company, valued at approximately $1,685,894.32. The trade was a 14.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 13,523 shares of company stock worth $921,319. 0.64% of the stock is owned by corporate insiders.

Kodiak Gas Services Company Profile

Kodiak Gas Services, Inc operates contract compression infrastructure for customers in the oil and gas industry in the United States. It operates in two segments, Compression Operations and Other Services. The Compression Operations segment operates company-owned and customer-owned compression infrastructure to enable the production, gathering, and transportation of natural gas and oil. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.